Monroe township Illinois Income Charts

This section shows the Monroe township Illinois economy using the most recent economic analysis from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Monroe township shows it has a median earnings per worker of $54,432 which is ranked #1 of all places in the greater Monroe township region. Comparing median earnings per worker to the United States average of $47,712, Monroe township is 14.1% larger. Also, versus the state of Illinois, median earnings per worker of $51,263, Monroe township is 6.2% larger.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a median household income of $58,429 which is less than most other places in the metro area. The city with the highest median household income in the area is Monroe Center which depicts a median income of $78,750 (34.8% larger). Comparing median household income to the United States average of $60,293, Monroe township is only about 3.2% smaller. Also, measured against the state of Illinois, median household income of $63,575, Monroe township is about 8.8% smaller.

The next section examines a variety of different income statistics for the Monroe township metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 20.3% of the total and is ranked #2. The only larger city being Stillman Valley with 24.5%. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 2.3% of the total. Third, it has the smallest proportion of earnings between $50,000 and $74,999 at 15.1% of the total. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 11.3% of the total and is ranked #1. In addition, it has the largest proportion of earnings of $100,000 more at 15.0% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has an average hours of 40.8 which is ranked #1 of all places in the local area. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has an average hourly earnings of $25.66 which is the largest of all places in the greater region. Comparing average hourly earnings to the United States average of $23.71, Monroe township is 8.2% larger. Also, in contrast to the state of Illinois, average hourly earnings of $25.61, Monroe township is about the same size.

Figure 7 examines the number of self employed people in the Monroe township metro area based on the number of people who reported any self employment income. Monroe township depicts it has a percentage of people self employed of 12.5% which is the most of all places in the metropolitan area.

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-25 to 44 years at $127,943 of the total and is ranked #1. Second, it has the largest proportion of median income-45 to 64 years at $89,583 of the total and is ranked #1. Third, it has the smallest proportion of median income-65 years and over at $33,164 of the total.

Figure 9 breaks down the source of income and Monroe township has the smallest proportion of income from wages at 63.8% of the total. Second, it has the largest proportion of social security at 20.8% of the total and is ranked #1.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a households with retirement income of 25.7% which is the third most households with retirement income of all other places in the greater Monroe township region. The city with the highest households with retirement income in the area is New Milford which shows a households with retirement income of 27.7% (7.4% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $74,844 of the total and is ranked #2. The only larger city being Monroe Center with $85,938. Second, it has one of the largest proportions of white family income at $74,922 of the total and is ranked #2. The only larger city being Monroe Center with $86,250.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Monroe township indicates it has the hightest cost of 111.2 for the cost of utilities category.

Monroe township Illinois Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. It depicts that from February 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 17.4% to 6.9% in December 2019. This represents a decrease in the monthly unemployment rate of 60.3%. Since that time, the monthly unemployment rate has gone to 6.9% This represents an increase in the monthly unemployment rate of very little. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. It shows that from January 2010 to before the disasterous Covid-19 virus Pandemic the monthly labor force participation went from 72,654 to 66,070 in November 2019. This represents a decrease in the monthly labor force participation of 9.1%. Since that time, the monthly labor force participation has gone to 66,070 This represents an increase in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Monroe township shows it has an unemployment rate of 0.5% which is the smallest when sorted by unemployment rate of all the other places in the metropolitan area. The city with the highest unemployment rate in the area is Kirkland which shows a rate of 6.7% ( very much bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Monroe township shows it has a participation rate of 50.6% which is the smallest when ranked by participation rate of all the other places in the surrounding region.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Monroe township has the smallest proportion of employed at 50.1% of the total. Second, it has the smallest proportion of unemployed at 0.5% of the total. Third, it has the largest proportion of not in labor force at 49.4% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Monroe township shows full time employees approximately 2.7 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Monroe township area. Monroe township shows it has a families with a single earner of 16.5% which is the smallest in order of families with a single earner of all the other places in the metro area. The city with the highest families with a single earner in the area is Monroe Center which shows a single earners rate of 26.9% (63.1% larger). The percentage of families with no one working is depicted in Figure 22. Monroe township shows it has a families with no one working of 30.9% which is at the top of all other places in the greater Monroe township region.

Monroe township Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the Monroe township community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Monroe township shows it has a total people earning less than the poverty level of 29 which is the second smallest as measured by total people earning less than the poverty level of all the other places in the metropolitan area. The city with the highest total people earning less than the poverty level in the area is Davis Junction which depicts a total people earning less than the poverty level of 440 ( quite a bit bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Monroe township depicts it has a percent of people earning less than the poverty level of 2.1% which is the second smallest in order of percent of people earning less than the poverty level of all the other places in the local area. The city with the highest percent of people earning less than the poverty level in the area is Stillman Valley which shows a percent of people in poverty of 19.7% ( appreciably bigger).

In Figure 25 people who are in poverty are broken out by age group. Monroe township has the smallest proportion of person in poverty 18 to 34 years at 3% of the total. Second, it has the second smallest when sorted by person in poverty under 12 years of all the other places in the metro area when sorted by person in poverty 55 to 64 years at 3% of the total. Third, it has the largest proportion of person in poverty 65+ years at 93% of the total and is ranked #1.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Monroe township has the percentage of white poverty rate the second smallest when ranked by white poverty rate of all the other places in the local area at 2% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Monroe township has one of the largest proportions of less than highschool in poverty at 29% of the total and is ranked #2. The only larger city being Cherry Valley with 29%. Second, it has the smallest proportion of highschool graduate and in poverty at 0% of the total. Third, it has the smallest proportion of has some college and in poverty at 1% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Monroe township has the smallest proportion of people who are in poverty and employed at 3.4% of the total. Second, it has the smallest proportion of people who are in poverty and not in labor force at 3.4% of the total. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Monroe township shows it has a households with public assistance of 7.3% which is less than most other places in the metropolitan area. The city with the highest households with public assistance in the area is Davis Junction which depicts a households with public assistance of 16.0% (approximately 2.2 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Monroe township depicts it has a the gini index of 39.0% which is in the mid range of other places in the metro area.

Monroe township Illinois Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Monroe township community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Monroe township has the smallest proportion of people who bicycle or walk to work at 0% of the total. Second, it has the largest proportion of people who work at home at 6% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Monroe township or elsewhere.) Monroe township has the smallest proportion of people who drove alone at 79% of the total. Second, it has the largest proportion of people who carpooled at 14% of the total and is ranked #1. Third, it has the smallest proportion of people who walked at 0% of the total. Also, it has the largest proportion of people who work at home at 6% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Monroe township has the largest proportion of people who leave for work between 12am to 5am at 21% of the total and is ranked #1. Second, it has the smallest proportion of people who leave for work between 6am to 630am at 4% of the total. Third, it has the smallest proportion of people who leave for work between 730 am to 8am at 8% of the total. Also, it has the smallest proportion of people who leave for work between 8am to 830am at 1% of the total. In addition, it has the largest proportion of people who leave for work between 9am to 10am at 10% of the total and is ranked #1. Furthermore, it has the smallest proportion of people who leave for work between 12noon to 4pm at 3% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Monroe township has the percentage of people with commute time of less than 5 minutesutes the second smallest in terms of people with commute time of less than 5 minutes of all the other places in the area at 1% of the total. Second, it has less than most other places in the surrounding region in terms of people with commute time between 5 to 9 minutes at 3% of the total. Third, it has the second smallest in order of people with commute time of less than 5 minutes of all the other places in the local area as measured by people with commute time between 10 to 14 minutes at 6% of the total. Also, it has one of the largest proportions of people with commute time between 20 to 24 minutes at 34% of the total and is ranked #2. The only larger city being Monroe Center with 37%. In addition, it has the smallest proportion of people with commute time between 35 to 39 minutes at 1% of the total. Furthermore, it has the smallest proportion of people with commute time between 45 to 59 minutes at 2% of the total. Next it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other places in the greater region in terms of people with commute time between 60 to 89 minutes at 3% of the total. Additionally, it has the largest proportion of people with commute time of 90 or more minutesutes at 9% of the total and is ranked #1.

The average commute time is shown in Figure 37. Monroe township shows it has an average commute time of 29 which is the second most average commute time of all the places in the greater Monroe township region. Figure 38 shows the difference between male versus female commuting time. Monroe township depicts average commute time in minutes for men 67.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Monroe township has the smallest proportion of 1 vehicle available at 5% of the total. Second, it has the smallest proportion of 2 vehicles available at 30% of the total. Third, it has one of the largest proportions of 3 vehicles available at 38% of the total and is ranked #2. The only larger city being Davis Junction with 40%. Also, it has one of the largest proportions of 4 vehicles available at 11% of the total and is ranked #3. Only #2 Cherry Valley (11%), and #1 New Milford (11%) are larger. In addition, it has the largest proportion of 5 or more vehicles available at 15% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Monroe township depicts it has a people who both work and live in the same city of 8% which is less than most other places in the local area. The city with the highest people who both work and live in the same city in the area is Cherry Valley which depicts a people who both work and live in the same city of 16% (about twice as large). Comparing people who both work and live in the same city to the United States average of 42%, Monroe township is approximately a fifth the size. Also, measured against the state of Illinois, people who both work and live in the same city of 38%, Monroe township is approximately a fifth the size.

Monroe township Illinois Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. Monroe township depicts it has the hightest median earnings of $105,256 for the earnings-natural resources, construction, maintenance occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Monroe township depicts it has the hightest median earnings of $56,750 for the earnings-healthcare practitioners and tech occupations aggregate. The table in Figure 48, shows Monroe township employment data in terms of job categories and salary data.

Monroe township Illinois Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. Monroe township shows it has the hightest entrepreneurs of 72% for the self employed management, business, science, and arts businesses classification.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Monroe township shows it has the hightest entrepreneurs of 60% for the self employed in agriculture, forestry, fishing and hunting, and mining group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Monroe township depicts it has an average annual self employment income of $23,263 which is in the intermediate range of other places in the surrounding region. The city with the highest average annual self employment income in the area is Monroe Center which shows an average annual self employment income of $44,675 (about twice as large). Comparing average annual self employment income to the United States average of $37,819, Monroe township is approximately three-fourths the size. Also, versus the state of Illinois, average annual self employment income of $37,670, Monroe township is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Monroe township depicts total number of self-employed men about 15.8% smaller as the total number of self-employed women.